Hello traders,
I hope you guys are doing well with your trades.
BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k) support. We can expect a bounce back from this level where BTC will possibly try to break the $37.9k resistance once again but if the 21 MA support fails then $35.7k is the next expected support.
That's it for now. I hope you find this update informative.
Regards,
Team Dexter.
I hope you guys are doing well with your trades.
BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k) support. We can expect a bounce back from this level where BTC will possibly try to break the $37.9k resistance once again but if the 21 MA support fails then $35.7k is the next expected support.
That's it for now. I hope you find this update informative.
Regards,
Team Dexter.
